Cooper Tire And Rubber Co Q1 Earnings Advance 45%

(RTTNews) - Cooper Tire And Rubber Co (CTB) released a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line rose to $59.01 million, or $1.05 per share. This was higher than $40.76 million, or $0.69 per share, in last year's first quarter.

Analysts had expected the company to earn $0.97 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.0% to $649.78 million. This was down from $663.21 million last year.

Cooper Tire And Rubber Co earnings at a glance:

-Earnings (Q1): $59.01 Mln. vs. $40.76 Mln. last year. -Earnings Growth (Y-o-Y): 44.8% -EPS (Q1): $1.05 vs. $0.69 last year. -EPS Growth (Y-o-Y): 52.2% -Analysts Estimate: $0.97 -Revenue (Q1): $649.78 Mln vs. $663.21 Mln last year. -Revenue Change (Y-o-Y): -2.0%